Morning papers round-up, Friday 23 March

The news this morning gravitates towards yesterday's bloodbath witnessed on the US and UK stock exchanges. The four key world economies, Europe, the US, Japan, and Asia are all threatened. The Telegraph remarked that markets tumbled across the globe yesterday as the economic slowdown in the US began to bite. In London, profit warnings from British companies with American exposure helped push the FTSE 100 index of leading shares down 225.9 to 5314.8, its biggest one-day points loss since the crash of October 1987. The Guardian declared that the bears had mauled Wall Street, adding that t...